Romney's Taxes

[Danzig]

Originally Posted by pmacdaddy

Sorry point about contributions not directed at you personally. Point is, that impact should be removed when talking about effective rate.

I'm not so sure you can consider how dividends and cap gains are treated purely as a "tax break". What's the net impact of raising capital gains taxes to 35%?. Is it an overall positive for the economy? I seriously doubt it.

I would love to see tax reform addressing loopholes, that limited minimum Federal tax liability to zero, addressed the AMT in a sensible manner, committed to keep the mortgage deduction to give housing some additional confidence for now. Logically phase out the bush tax expiration, paired with some very serious committments on spending. Of course, this will never happen.

sure, it's a tax break. income from investment is taxed at a lower rate than income from employment.
and yeah, we need real reform. but it won't happen, since the people benefitting from the current system are in charge. just like term limits for congress- why would congress institute that? i'd like to see it, but who would make it happen?